When looking for strong Consumer Staples stocks, it’s important to find companies that are outperforming their peers. Colgate-Palmolive (CL) is one such stock worth considering. As of now, the Consumer Staples group is ranked #14 within the Zacks Sector Rank, with Colgate-Palmolive holding a Zacks Rank of #2 (Buy). Over the past 90 days, CL’s full-year earnings estimate has increased by 1%, indicating a positive trend in analyst sentiment.
In terms of year-to-date performance, Colgate-Palmolive has returned about 13%, outpacing the average gain of 3.6% for Consumer Staples stocks. Another stock to watch in this sector is Lancaster Colony (LANC), which has seen a return of 24.8% so far this year and holds a Zacks Rank of #1 (Strong Buy).
Colgate-Palmolive operates in the Soap and Cleaning Materials industry, which has gained an average of 9.3% this year. On the other hand, Lancaster Colony is part of the Food – Miscellaneous industry, currently ranked at #76 with a 5.7% increase year-to-date.
Investors interested in Consumer Staples stocks should keep an eye on Colgate-Palmolive and Lancaster Colony as they continue to deliver solid performances.